Spain undergoes loss due to int'l sanctions on Iran

1/26/2014

Summary:Spanish Foreign Minister Jose Manuel Garcia-Margallo reiterated that his country has undergone much loss since the imposition of sanctions against Iran.

Spain was importing 14 percent of Iranian crude, and it has undergone loss due to imposition of sanctions against Iran, Margallo said in a meeting with Iranian Vice President in Cultural Heritage, Handicrafts and Tourism in Spain Mohammad Ali Najafi.

He further said Spanish foreign policy is based on spreading peace across the world and in this way Iran's ties with Spain would be proportionate with improvement of Iran-EU ties.

Najafi, for his part, expressed the hope that the two sides could cooperate further as a new page of cooperation opens between the two sides and all sanctions are lifted.